The Best Mortgage Lenders in Ace, TX
Compare verified mortgage lenders serving Ace, Texas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Ace
Featured Mortgage Lenders
Scott W. Sowell
Fairway Independent Mortgage Corporation - The Woodlands
Scott Sowell's team at Fairway Independent Mortgage is one of the highest-rated mortgage operations in Montgomery County, serving the entire region including Ace, Texas. With over two decades of experience and exceptional 4.9-star ratings across multiple platforms, they specialize in personalized service for rural properties and acreage homes common in the Ace area. Their extensive knowledge of USDA rural development loans makes them particularly valuable for Ace residents. The team is known for competitive rates, transparent communication, and navigating complex rural property transactions with expertise.
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Spirit of Texas Bank - Mortgage Division
Spirit of Texas Bank
As a Texas-born community bank with strong regional presence, Spirit of Texas Bank has extensive experience serving rural communities throughout East Texas, including the Ace area. Their mortgage division receives consistently high marks for local decision-making and understanding the unique needs of rural property buyers. They offer specialized land loan programs and construction financing that are particularly valuable in areas like Ace where custom home building is common. With deep Texas roots and community-focused approach, they provide personalized service that larger national lenders often cannot match.
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Chris Bennett
Guild Mortgage - Conroe
Chris Bennett's Guild Mortgage office in Conroe serves Montgomery County and surrounding rural areas including Ace, Texas. With Guild's national backing and local expertise, this team specializes in rural property financing and has particular strength with USDA loans that benefit Ace homebuyers. They maintain excellent 4.7-star ratings for their responsive service and competitive rate offerings. The Conroe location provides convenient in-person service for Ace residents while offering the resources of a major mortgage lender. Their renovation loan expertise is valuable for the older or unique properties often found in rural East Texas.
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Frequently Asked Questions
Common questions about mortgage lending in Ace, TX
What are the current mortgage rates like in Ace, TX, and how do they compare to the state average?
Mortgage rates in Ace, TX, are generally aligned with national and state averages, but can be influenced by local lender competition and property types common to the area, such as rural acreage homes. It's advisable to compare rates from both local community banks in nearby Conroe or Cleveland and larger national lenders, as local institutions may offer competitive terms for the specific rural and suburban properties found in Ace.
Are there any down payment assistance programs specifically for buyers in Ace, TX?
While Ace itself does not have a city-specific program, homebuyers in Ace are eligible for Texas-wide programs like the Texas Department of Housing and Community Affairs (TDHCA) My First Texas Home program. These programs offer competitive interest rates and down payment assistance for eligible borrowers, which can be particularly helpful given Ace's location within Montgomery County, which may have income limits that accommodate many local buyers.
How does buying a home on acreage in Ace affect the mortgage process?
Purchasing property with significant acreage in Ace can complicate the mortgage process, as many conventional loans have restrictions on non-income-producing land. Lenders will often require a specialized appraisal to determine the value of the land separately from the home. You may need to work with a lender experienced in rural or agricultural properties, as the loan-to-value ratio and eligibility can differ from a standard suburban purchase.
What should I know about property taxes and insurance when budgeting for a mortgage in Ace?
Ace is located in Montgomery County, which has property tax rates that are a key component of your monthly payment. While rates vary, they are a significant consideration in your overall mortgage affordability. Additionally, due to the wooded, rural setting, lenders will require comprehensive homeowners insurance, and you may need to factor in the potential cost of a separate flood insurance policy depending on the specific parcel's elevation and proximity to water.
As a first-time homebuyer in Ace, what local resources or lenders should I consult?
First-time buyers in Ace should connect with HUD-approved housing counseling agencies serving Montgomery County for education on the process. For financing, consider establishing relationships with local credit unions or community banks in the region that understand the local market dynamics, such as valuing septic systems and wells common in Ace. They can often provide more personalized guidance than larger, out-of-area institutions.
Why Choose a Mortgage Lender in Ace?
Local Market Knowledge
Lenders who understand Ace's housing market can offer better guidance and competitive rates.
Multiple Loan Options
Access to conventional, FHA, VA, USDA, and jumbo loans tailored to your financial situation.
Proven Track Record
Work with lenders who have years of experience and hundreds of satisfied customers in Texas.
Ready to Find Your Perfect Mortgage Lender?
Connect with top-rated mortgage professionals in Ace and get competitive rates on your home loan.